"I also hope that we don't forget about labor markets which are likely to lag far behind the recovery for output"

screw job markets that's just people
the product markets are comin' back baby
and the asset markets already have

its time to pay for our play:

i say we start taxing the uber rich now
to close that deficit gap
slap a ten year surtax of 50%
on unearned income over a million
and over 5 million of "earned"

pop off the SSI cap while neutralizing its effect on
the 200k and less crowd by rebates equal to
the delta for those falling under obama's tax increase exemption ceiling
ie the above cap below 200k range
ie 5.3 % of earned income between cap and 200k
with a gobble back for those thru a higher rate on payroll income above 200k to recover the lost revenue for the exemption window

----------

robot production:

thought experiment

what is the exchange value
of any product of a fully automated
limitlessly expandable production system
once it's reach all round social satiety
ie where the return on
the next unit of any unit of commodity production
is exactly zero

like air

ole frank ramsey is more use here
then kurzwell
to him the real rate of interest
a dynamic rationer
has served its purpose
and
a purely dynamic phenomenon
a definite historic interval
is over

btw as you know
marx dealt with the production of commodities
by means of commodities
not the production
of arts and inventions
ala kurzwell

by implication
you postulate a completely post commodity
exchange system
where exchange value
exists only at the innovative
product/process frontier
ie all economic exploitation of man by man
will have ceased
and
the geist of marx at that point
will gladly retire to his elysian cell
to sleep comfortably
till earth's day of doom

-----
one off creations...??

what is the scarce factor
needing a price ration

who
this is whodoo economics
"I simply postulate...income distribution becomes problematic."

exactly

if this has any
relationship worth noticing
with today's market economy
or even next centuries
please point it out

sky hooked analogizing
like the above operates
at about the level of
thomian angelic economy